Sipiem

Sipiem owns a portion of a waterpark in North West Italy, known as Ondaland, as well as other real estate assets. In May 2015, Clear Leisure finally won the rights from the owner of the water park to have its 50.17% owning in SIPIEM certified, thereby entitling the Company to attend shareholder meetings. The Company remains confident that its holding in Sipiem will become a significant realisable asset.